CMAI’s 67th National Garment Fair underway in Mumbai

The 67th National Garment Fair organised by the Clothing Manufacturers Association of India (CMAI) is currently underway at the Bombay Exhibition Centre in Mumbai.

CMAI’s 67th National Garment Fair underway in Mumbai The four-day event was inaugurated by the Group CEO, Future Group, Kishore Biyani on July 16. The fair will showcase leading brands in men’s wear, women’s wear, kid’s wear and accessories.

The B2B Fair is spread over an area of approximately 6,50,000 square feet, covering all the halls at the Bombay Exhibition Centre with around 916 exhibitors displaying 1087 brands making it the country’s largest garment fair.

Sharing his insights on the Indian apparel market, Rahul Mehta, President – CMAI in a statement said, “India’s domestic apparel market was estimated at US$ 67 billion in 2017 which had grown at a CAGR of 10% since 2005. Indian domestic market had performed better than the largest consumption regions like US, EU, and Japan, where depressed economic conditions led to lower demand and growth.”

“Due to the presence of strong fundamentals, the domestic apparel market size of India was expected to grow at 11-12% CAGR and reach about US$ 160 billion by 2025,” he added.